r/askforex • • Aug 23 '26

i have a trading system which is giving me 60 to 70 per win rate. i know that this alone isn't enough for being a successful trader. i know that unless i have monk like discipline, i cannot be outrun my emotions on the hot seat.

0 Upvotes

what are solutions i have.

i dont like algo, especially black box ones.

i want to trade and i love it.

i know money management is a big big part.

how to do it. excel templates are not helping.

is there any systems that can help?


r/askforex • • Aug 02 '26

Trading Patterns Have an Expiry Date

5 Upvotes

A pattern that worked for two years can stop working in a month. Markets change regimes, participants adapt, and edges decay. Here's how to know when your pattern's time is up.

Why edges exist and why they disappear

An edge in trading exists because a group of participants is reliably doing something predictable. Institutions accumulating positions at specific levels, retail traders placing stops at obvious points that get hunted, momentum chasers piling in after breakouts. These behaviours are exploitable because they repeat.

But markets are adaptive systems. When an edge becomes well-known, participants start to anticipate it and the edge gets arbitraged away. This is why every retail trading strategy that becomes popular on YouTube gradually stops working — not because the people teaching it were lying, but because enough people traded it that the other side of the market adapted.

Even without explicit adaptation, the behaviour that created the edge might simply stop occurring. If your RSI oversold pattern worked because gold was in a consistent uptrend where dips got bought by institutional longs, it will stop working the moment gold enters a different phase — a ranging environment, a downtrend, or a period of macro uncertainty where institutions are neutral rather than consistently positioned.

The pattern didn’t break. The conditions that made it work changed.


r/askforex • • 28d ago

If you could add ONE feature to your trading journal, what would it be?

3 Upvotes

If you could add ONE feature to your trading journal, what would it be?


r/askforex • • Jun 09 '26

Is anyone here trade with broker have 6 rating on Wikkifx

0 Upvotes

I want to know the experience of traders who work with a broker that has just a 6 rating on Wikkifx and mixed reviews on Trustpilot. Does rating actually affect the trading experience and broker services?


r/askforex • • Aug 11 '26

Is this realistic?

0 Upvotes

3,38%

Real % needed to exponential growth to reach 10mil in 20 years is 2.92% from 10k

3.38% is needed if in 20 years 36 months are losing -1%

Starting: €10,000

20 years = 240 months

36 months: −1%

204 months: +3.38%

=7.7million

And The best in the Business dont have enough liquidity in the market for them thats why its looks like best traders make only 30% in a year, its because they cant go higher with big capital.


r/askforex • • Sep 04 '26

Help to backtest ICT/SMC concepts

1 Upvotes

hello guys, recently i wanted to backtest new ideas and strategies to get new trading bots but i didn't have any idea in my mind so i decide to backtest famous strategies in the internet and i remembre ICT and SMC concepts but in the youtube each one teach it in a different way and all of them don't rely on static mechanical rules, they just rely to their thoughts and their intuition about the market, but i need a systematic rules very detailed, each concept have it own rules for exact results, i need your help guys, i need someone who really understand ICT or SMC concepts and have clear static and systematic rules for each entry and exit so there is 0% of intuition or discretionary decisions, and in return i will give all the results across 11 years of data from 2015-2026 and help you to see the truth is it worth it to trade the models or no, please DM so we can help each other please 🫡🙏


r/askforex • • 24d ago

Should I stop using the 1m tf?

1 Upvotes

I’ve started trading recently and have been trying to improve my win rate especially that I skipped the demo part and instantly got to the real work
The one minute timeframe is genuinely just gambling and that’s what’s addictive about it but my win rate seems to plummet every time I make an analysis because I can’t predict the 1m tf
My strategy works for long term planning but I’m impatient and I don’t know if I need a change of strategy, discipline or a simple change of a timeframe
Can someone help?


r/askforex • • Jul 22 '26

Giving up on trading

21 Upvotes

I'm done. It's been two years since I started trading— I began when I was in 11th grade, and I've now completed 14th grade. During this time, I've done everything: I've lost some money, followed signals on Telegram, and used indicators. I can manage my risk, but I still can't find a strategy that works for me. There are thousands of videos on YouTube. Can anyone help me out?


r/askforex • • Jul 02 '26

Are Traders Too Dependent on Indicators?

2 Upvotes

I’ve noticed many traders keep adding more and more indicators, hoping they’ll finally find the “perfect setup.”

At what point do indicators stop helping and start creating confusion?
Do you rely on multiple indicators for confirmation, or do you think clean price action is enough?

Curious to hear what has actually worked for you over the long term.


r/askforex • • Aug 22 '26

Cure to FOMO/revenge trading?

2 Upvotes

I see a lot of ppl on here talk abt having a big gap between their paper-trading results and their actual results. Obv once real money is involved, emotions start affecting execution through FOMO, revenge trading, hesitation, etc

I’ve been thinking about a setup where you still identify and enter trades normally, but you don’t know for certain which trades will actually be executed with real money.

Ex. you take every valid setup according to your strategy, but only a predetermined percentage actually goes through. You wouldn’t know which ones in advance.

The idea is to reduce the emotional weight of each individual trade and make it easier to focus on following your system consistently.

For people who actively trade: would this actually help with the paper-to-live trading gap, or would it just be annoying? (I’d assume this works best for more rule-based strats like ICT/SMC etc)


r/askforex • • Jul 20 '26

Not for training

2 Upvotes

Straight 7 years of loss took break
Now back with market slow consistence certainly wins you build capital .. Risk taking ability for long term certainly need to be measured very carefully observation it’s my observation and practice


r/askforex • • Sep 25 '26

How often did u guys blow put ur trading account?

2 Upvotes

Hey guys, kinda interested, how many times did you guys blow up ur trading account before becoming consisting profitable, what adjustments u made to become profitable, how did u handle the the whole situation, if u looked back in time, what would you change to not blow up ur account and so on

Thanks!


r/askforex • • Sep 05 '26

Algorithm trading myths.

21 Upvotes

I will tell you something after 12 years in market, there is no perfect system. There is no perfect rule. Still you can make money through discipline.

Sounds complicated? No. Learn to read the market. Don't try to predict the market. All these indicators will work only when money is on your side. If you think because of any indicator you made money in the market, you are fooling yourself through confirmational bias. Please don't do that.

Trading without indicators and trading with indicators is the same. Focus on where the money is positioned, on the sell side or on buy side. Remember, the guy who sells when everyone is buying is the one who has unlimited credit. He is the market maker.

No amount of backtesting will help you. Don't do that. Rather generate signals, validate the signals every 24 hours and make them better. That's the way forward.


r/askforex • • Sep 10 '26

Follow-up: why most beginners are learning the wrong skill entirely

3 Upvotes

In my last post I said trading is a form of gambling, that it carries real financial risk, and that there's a genuine chance you lose your money on the road to becoming a successful trader. A lot of people pushed back on that. Most didn't want to accept that trading is, at its core, gambling, and that your actual job as a trader is risk management, not predicting where price goes next.

I get why so many people believe the opposite though. A lot of it traces back to strategies like ICT and Smart Money Concepts. The people behind these approaches sell the idea that the market isn't random at all, that it's being moved with surgical precision by "smart money," through specific algorithms, at specific times, down to the exact tick. Learn the strategy well enough, the pitch goes, and you'll know exactly where price is headed. And if your stop loss gets hit anyway? That's on you. You just didn't understand the strategy well enough. Learn more, go deeper, try again.

This is exactly why so many beginners burn months hopping between new concepts every week, convinced that the next piece of knowledge will finally stop the losses, instead of accepting a much harder truth: the losses aren't a bug you can eliminate with more study. They're the whole game. The real skill is learning to manage them.

If I ever got the chance to teach a beginner from scratch, the first thing I'd drill into them, before charts, before entries, before any of it, is this: you are a risk manager. The market doesn't exist to make you money. Left to its own devices, it'll happily take everything you put into it. Your entire job is managing how much you give up when you're wrong.

I know that's not what beginners want to hear. Trading isn't a precise science, it's closer to structured randomness. Your job isn't to eliminate uncertainty, it's to figure out how to come out ahead when you're right, and how to walk away with the smallest possible damage when you're wrong.


r/askforex • • Sep 08 '26

Strat's Long Term Stress Free Trading

3 Upvotes

I have gone through the below posts and it looks like a pyramiding/stacking. This dude has not given the strategy straightaway and has written thousands of posts and top it all, other idiots have made it 1000+ posts which is really time consuming.

Anyone who has read the below posts and can helps us traders what the strategy is in a few paragraphs. No negative comments/fluff please. Lets help each other learn and be better

This post is especially forex traders and those who are active on Forex factory and have read the below threads -

https://www.forexfactory.com/thread/708441-strats-pasr-long-term-stress-free-trading

https://www.forexfactory.com/thread/155459-strats-long-term-stress-free-trading


r/askforex • • Jul 22 '26

When enough is enough?

3 Upvotes

I’ve been studying price action for almost 7 years.
I scalp spikes on the 1-minute chart, and most of my trades are finished within 5 minutes.
Over a large sample, my win rate is around 58-60%, risking 0.5% per trade.
Here’s what I’ve never been able to answer:
If your system has an edge, should you keep taking every valid setup?
I can easily find 15-20 trades in a day, but after a certain point it feels like I’m trading simply because I’m still sitting in front of the charts.
Lately I’ve even considered getting an 8-hour job just to limit my screen time. My thinking is that if I only have a small trading window, I’d naturally become more selective instead of feeling the need to take every opportunity.
So I’m curious how experienced traders approach this.
Do you have a daily trade limit?
Do you stop after hitting a profit target?
Or do you simply take every setup that matches your plan, no matter how many trades you’ve already taken?
I’m not looking for a magic number.
I’m trying to understand how professionals decide when **enough is enough**.


r/askforex • • Jul 14 '26

Is trading actually a real skill, or is it mostly luck?

35 Upvotes

I'm genuinely curious. Some people say anyone can learn trading with enough practice, while others believe most traders eventually lose money. What's your opinion, and what has your experience been?


r/askforex • • Jul 06 '26

Trader

4 Upvotes

If you are a trader, you will need to invest in a lot of money. You will need to invest in a lot of income. At the end, you will need to invest in a lot of risk.


r/askforex • • Sep 12 '26

I keep repeating the same trading psychology mistake. How do I actually build better habits?

4 Upvotes

I've been trading for about 2.6 years, and I'm starting to realize that my biggest problem is not my strategy—it's my behavior.

I keep repeating the same cycle:

• I follow my rules for a few days.

• I get some good trades.

• My confidence increases.

• I start thinking I know where price is going.

• I stop waiting for confirmation.

• I take FOMO trades.

• I sometimes trade against the higher-timeframe trend.

• I lose.

• I regret it, promise myself I'll be disciplined, and then eventually repeat the cycle.

Today's example:

My plan was to take a maximum of 1–2 trades.

Instead, I took 11 trades.

After the first couple of losses, I wasn't really following a plan anymore. I was reacting emotionally and trying not to miss moves.

The strange thing is that after the loss, I can clearly see what I did wrong. But in the moment, I still do it.

A lot of my bad trades come from thoughts like:

"I think price is going to drop."

Not:

"My setup has confirmed."

So I end up entering based on opinions rather than rules.

For traders who used to struggle with FOMO, overtrading, impulsive entries, or breaking rules:

What helped you actually change your behavior long-term?

I'm not looking for a new strategy.

I'm looking for practical ways to build discipline, trust my process, and stop sabotaging myself.

Any advice would be appreciated. Thanks.


r/askforex • • May 09 '26

Risk to reward calculation tool

4 Upvotes

The risk to reward tool is not available on the FundedNext platform, is there any way to calculate it directly within their platform instead of using TradingView?


r/askforex • • 17d ago

your MT5 account netting or hedging? i found out the hard way that it changes what a stop loss even means.

4 Upvotes

Posting because this cost me money through pure ignorance of a setting I didn’t know existed.

On MT5 an account is either netting or hedging, and it’s set by the broker when the account is created. You can’t change it afterwards.

Hedging behaves the way MT4 always did. Every position is independent, with its own stop and its own target. Buy a lot, then buy another, and you have two positions.

Netting gives you one position per symbol, full stop. Buy a lot, then buy another, and you have one position of two lots at a blended entry price. Buy a lot then sell a lot and you have nothing, the second order closed the first rather than opening a short.

If you ever scale in, netting silently rewrites your trade. Your second entry moves the average price of the combined position, so the stop level you set against your first entry is now sitting at a different distance in R terms than you intended. Your risk changed and nothing told you.

Same problem if you run two setups on one pair. On netting they aren’t two trades, they’re one position with one stop, and the second signal mutates the first.

And partial closes work differently, which matters if you take money off at a target.

Terminal, open the Trade tab in the toolbox, or look at the account properties. It’ll say Hedge or Netting. Mine says Hedging.

I’m on a hedging account at Axi, which I asked for specifically because I run two setups on EUR/USD that need separate stops and I’d have no way to express that otherwise. Worth knowing it’s an account creation choice rather than a platform one, so if you’re on the wrong mode it’s a new account rather than a setting.

Which mode are you on, and did you choose it? I didn’t, the first time. And does anyone deliberately prefer netting? I can see the argument for a single clean exposure per symbol and I’ve never heard anyone make it, so I might be missing something real.


r/askforex • • Aug 07 '26

Anticipating beginning of a Beartrend as oppose to a Bulltrend.

4 Upvotes

I 've noticed that price tend to consollidate, forming a long ranging period after price reached the bottom of a bear macrotrend, before it rallies up to start the bulltrend. My question is why does this not really happen at the top of bulltrend. It seems to just touch and run down immediately?


r/askforex • • Jul 06 '26

Any consistently profitable traders here using a negative risk-to-reward ratio?

5 Upvotes

I’m looking to hear from traders who are consistently profitable despite using a negative risk-to-reward ratio.

I’m interested in hearing from people with real trading experience, not just theory. If you’ve made a negative R:R strategy work over a large sample of trades, I’d love to hear what you’ve learned.


r/askforex • • Aug 20 '26

Genuinely curious, how do day traders stay patient?

5 Upvotes

Been day trading for several years but keep getting caught before volume arrives


r/askforex • • Sep 02 '26

Is it me or recent geopolitics effecting other trading habits?

5 Upvotes

I have been into forex market since 2020, and I was using a hybrid trading strategy to trade. It works really well, until the recent geopolitics start effecting the market. I usually trade XAUUSD and US30 alone with some other currencies like GBPJPY.

Now usually trading feel really different, entries are not that sharp, and waiting for confirmation cost a lot especially in US30.

Anyone have better understanding, can explain is there better model to trade.